27/02 Thursday Market Update
Always read this regular market update in conjunction with my newsletter
DOW/WALL ST: Likely turning point 28Th +- 2days
ACTION: I am considering to short soon. Not clear how big is the expected pull back ( may be just a 2-3 days modest one). Technically, the uptrend is still intact.
GOLD SILVER: As expected, gold is pulling back. I did say that Gold will decline at anytime from Wednesday
ACTION: Stand aside now and wait to buy back at lower point.
ASX: Expect some more pull back but trend run up is still very strong. Will short Banks and others soon
ACTION: 1.FMG if all closed yesterday for profits, Reshort at higher level ( 5.84 or below) – and hold ASX short ( 5436-5460)
2.Already Exited all gold stocks. Wait to buy back at lower levelShare This :